News

DDA reopens land pooling portal, hopes for better response

NEW DELHI: Delhi Development Authority (DDA) has reopened the portal for landowners topool their land and expects more participation. This is the fifth time since the launch of theambitious land policy in February 2019 that the portal has been opened.“The response has been positive and the aim of reopening the portal from November 10 toDecember […]

Incuspaze lease out over 800 seats to Byju’s in Ahmedabad & Lucknow

NEW DELHI: Incuspaze, an enterprise managed workspace provider, has leased out over 800seats to Byju’s at their Ahmedabad & Lucknow centers, the company said in a media release.Sanjay Choudhary, founder & CEO at Incuspaze said, “Since the pandemic outbreak,companies have been downsizing their headquarters and operating in a hybrid model. Whilethat works for some industries, […]

KEI Industries’ MD buys Shanti Niketan property for Rs 140 crore

Anil Gupta, chairman and managing director of KEI Industries, manufactures of cable and wire, has bought a 2000 square yard property at Delhi’s Shanti Niketan for Rs 140 crore, according to documents accessed by Zapkey.com.Gupta has paid Rs 8.4 crore as stamp duty for the deal that got registered on October 8. As per the […]

Marriott International & Prestige Group to develop two hotels in New Delhi

NEW DELHI: Marriott International has signed an agreement with Prestige Group and DB Realty to develop The St. Regis Aerocity and New Delhi Marriott Marquis hotels, the company said in a media release. Both hotels are expected to open in 2025. Irfan Razack, chairman and managing director, Prestige Group said, “We have signed an agreement […]

Greater Noida authority allocates 18 plots taken in a week

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has allocated18 industrial and commercial plots over the past one week, a feat that points to a recovery in thereal estate sector post the pandemic.While 14 of the plots are for setting up industry, only four are for commercial purposes. Officialssaid while the industrial and residential […]

Delhi: DDA’s new housing scheme will offer flats at old rates

NEW DELHI: Delhi Development Authority (DDA) will offer in its upcoming housing scheme flatsreturned under its previous schemes, and at the old rates.DDA is set to launch a new scheme next month and on offer will be around 15,000 flats,according to officials. “Although this scheme will not have new flats, applicants will be able tobuy […]

Delhi: 15,000 flats to be on offer in DDA’s new scheme next month

NEW DELHI: The Delhi Development Authority (DDA) is all set to launch a new housing schemenext month and on offer would be around 15,000 flats, sources said.The proposal to launch the housing scheme would be brought before the authority at itsmeeting, expected to be chaired by LG Anil Baijal this week.DDA launched a housing scheme […]

Saya Homes to invest Rs 200 crore in new shopping mall in Noida

NEW DELHI: Realty firm Saya Homes on Sunday said it will invest around Rs 200 crore overthe next two years to develop a shopping mall in Noida as the company expects retail sector tobounce back post-COVID-19. The company will develop 2 lakh square feet area in this 1.7 acreproject named ‘Saya Piazza’.“We are coming up […]

Gurugram: Ninex Developers, directors booked for cheating buyer

GURUGRAM: A Gurugram-based developer and its directors have been booked for allegedly cheating a buyer of Rs 89 lakh. The complainant, Reena Sethi, is a resident of Delhi’s Dwarka. She residential projectin Sector 76 for Rs 89 lakh in September 2016. The realtor, Ninex Developers, promised to buy the flat back after a certain period. […]

Will extend benefits of low interest to homebuyers: Noida, Greater Noida realtors to SC

NEW DELHI: The realtors of Noida and Greater Noida assured the Supreme Court on Saturday that the benefits of low interest, which was fixed by the apex court, on delay in payment to Noida authorities will trickle down to the homebuyers. Senior advocates Kapil Sibal and Abhishek Manu Singhvi, representing the builders, submitted before a […]

CBI court convicts two in Noida land fraud

GHAZIABAD: A special CBI court on Friday convicted a senior government official and another person in connection with a fraud related to a residential plot scheme launched by the Noida Authority in 2004. Rama Shankar Singh, a systems manager employed with Uttar Pradesh Development Systems Corporation Ltd — a state government undertaking hired by the […]

Delhi: Guesthouses sealed by SDMC may get relief soon

NEW DELHI: There could be some relief to many guesthouse owners as South Delhi Municipal Corporation is mulling over a plan to deseal 46 guest houses, which the civic officials sealed for running without properlicenses. “These guest houses cannot be sealed forever, the law does not allow this. I have directed the officials to figure […]

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